The Japan National Tax Agency announced the latest investigation results, stating that from July 2024 to June 2025, a total of 613 on-site investigations were conducted targeting individual cryptocurrency transactions, with a total additional tax of 4.6 billion yen, representing a 31.4% year-on-year increase. The additional tax per case was significantly higher than the average income tax level. The reported omission amount reached 15.6 billion yen. The National Tax Agency pointed out that major risk points include unmerged reporting across multiple exchanges, improper handling of DeFi and airdrops, and incorrect timing for Mining and Staking accounting. Failure to report may result in an additional tax of up to 20%, and if deemed intentional concealment, the penalty tax can be as high as 40%. (CoinPost)
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The Japan National Tax Agency announced the latest investigation results, stating that from July 2024 to June 2025, a total of 613 on-site investigations were conducted targeting individual cryptocurrency transactions, with a total additional tax of 4.6 billion yen, representing a 31.4% year-on-year increase. The additional tax per case was significantly higher than the average income tax level. The reported omission amount reached 15.6 billion yen. The National Tax Agency pointed out that major risk points include unmerged reporting across multiple exchanges, improper handling of DeFi and airdrops, and incorrect timing for Mining and Staking accounting. Failure to report may result in an additional tax of up to 20%, and if deemed intentional concealment, the penalty tax can be as high as 40%. (CoinPost)